ICO issuer charged with fraud by SEC for selling unregistered security

by Aurelia Butler 22 June 2021, 20:20 99 Views

Loci Inc., the platform behind LOCIcoin, and CEO John Wise were formally charged on Tuesday. The SEC claims that Loci and Wise misled investors about the company’s revenues, employee numbers and user base during the $7.6 million crowdsale. The regulator also alleges that Wise misused $38,163 in investor proceeds for personal expenses.

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ICO issuer charged with fraud by SEC for selling unregistered security

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Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

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